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Topic: inventory management software

How to Calculate Inventory Turnover

Inventory management is a critical function of any business, with drastic implications on profit margins. Stock the right goods at the right levels and you can reduce carrying costs, mitigate the risk of shrinkage and still please customers. Get it wrong and those risks climb. Inventory turnover is a key formula that’s often discussed in [&hellip ... Read More

  January 6, 2021     

How to Calculate Average Inventory – The Complete Guide

Calculating average inventory is an extremely important part of your overall inventory strategy because it is the basis of knowing how much stock you should have on hand. In this article, we’ll explain the average inventory and show you how to calculate it with examples. We’ll also shed some light on Economic Order Quantity and [&hellip ... Read More

  December 10, 2020     

7 types of manufacturing wastes and how to reduce them

Manufacturing waste is something business owners often overlook, yet left unchecked, it can cost a business a significant amount of money. From transportation waste, inventory waste, defective products and more, waste can accrue in a range of areas across the company. This article explores the different types of manufacturing waste, and how to redu ... Read More

  October 22, 2020     

The Big B2B-B2C Pivot: How Your Stock Management Must Change

If you’re a B2B company and you’ve recently set up an online store to sell direct to consumers — or are even thinking about it — then good on you. There’s no denying there are still big challenges ahead though. As you’ve no doubt already realised you don’t just need to set up an online […] ... Read More

  April 23, 2020     

App Advisory is the Next Strategic Move for Accountants

As an accountant, clients need your support now more than ever. How you support them has changed over the years and will continue to evolve. The role of accountants used to involve a lot of manual, tedious tasks that clients would outsource for help getting it done. However, with cloud technology, these traditional tasks are […] ... Read More

  April 1, 2020     

Inventory Management Uncertainty? You’re Not The Only One

If you’re trying to get on top of your inventory management, but struggle with the many unknowns involved with inventory control, you’re not alone. It’s difficult to predict demand and how the economic environment will impact your business. It changes how you buy and reorder your stock. Deciding whether you want to reorder stock can [… ... Read More

  March 20, 2020     

Learn to Save Your eCommerce Business Money With Inventory Control

There’s never been a better time to operate an eCommerce business. Shoppers are prolifically turning to online shopping for whatever they need. Whether it’s clothing, food, sports gear or even toiletries, people constantly seek it out on the internet. They compare prices, try to get the best deal and maximise their convenience. There’s a lot ... Read More

  February 28, 2020     

How Do Inventory Risks Impact Your Business?

Understanding the types of inventory risks that may be impacting your business will shed light on the best strategies to mitigate against these risks for your inventory control needs. Types of inventory risk As an owner or manager of a business, you need the right products in stock at the right time to be available […] ... Read More

  February 25, 2020     

How Can Small Businesses Make the Most of Big Data?

Having access to information about competitors and customers can be key to the growth and success of a business. For smaller businesses just starting out, they may not have adequate resources to capture this information — and managers may not know what metrics to look out for. In this article, we explore what big data […] ... Read More

  February 21, 2020     

How Can Your SME Benefit from Cloud-Based Software?

The cloud has shaped the way businesses, big and small, operate on a daily basis. The cloud provides a central storage facility that can keep data on the internet. Since data is stored online, it can be accessed from any location, on any device that has the internet. The cloud is broadening the scope of […] ... Read More

  February 11, 2020     

How Does Inventory Management Affect Cashflow?

Good cashflow is key to the success of every business. Bad cashflow can have seriously negative effects on the overall productivity of the business, including a negative impact on the businesses bottom line. Growing businesses may not realise that good inventory management can actually be make-or-break for the quality of a company’s cashflow. In ... Read More

  January 31, 2020     

Your Cashflow and Inventory Go Hand in Hand

Cashflow and inventory go hand in hand when it comes to managing your business. Inventory can either help a business with cashflow or be a bit of a hindrance. How you manage your inventory will directly impact the movement and availability of your cash. Your accounting method plays a big role in how your cashflow […] ... Read More

  January 21, 2020     

5 Strategies to Improve Cashflow for Manufacturers, Wholesalers and Retailers

Any business needs good cashflow to prosper because cashflow provides the funds necessary to pay bills, cover operating expenses, purchase inventory stock, pay employee wages, provide positive customer experiences and to invest back into the business. Cashflow represents the money available at any given time to keep a business running. It accounts ... Read More

  January 17, 2020     

Overcoming Inventory Challenges with Cloud Software

Effectively managing inventory is key to the success of companies in the business of selling goods. Without accurate and efficient inventory management, a business can experience delays in order processing, overstocking or understocking and more. These things end in customer dissatisfaction, and ultimately the demise of the business. Traditional in ... Read More

  November 2, 2019     

Online Inventory Control and the Importance of Purchase Order Tracking

A purchase order (PO) represents a legal contract between a business and its suppliers for the purchase of goods and services. POs help to ensure that the right quantity of goods or services is delivered in a specified time frame and at the level of quality expected. They also provide a framework for accurate inventory […] ... Read More

  October 29, 2019     

The Unique Challenges Inventory Management Poses to the Restaurant Industry

Restaurants are arguably one of the most challenging businesses in which to control inventory; the fundamental nature of supply, demand and the products themselves set them up for a fickle inventory ride. They are governed inevitably by seasonal availability and subsequent pricing, trends and individual palates, health and safety compliance, the pr ... Read More

  October 21, 2019     

West Winds Gin Unlock Cloud App Benefits Using Unleashed Software

Having the right inventory management software in place that will grow as you scale your business can deliver immeasurable benefits — just ask Paul White, CEO of West Winds Gin. He shares his company’s journey of transitioning from spreadsheet to cloud software. Here’s their story. Good gin’s important because life’s too short to drink ba ... Read More

  October 15, 2019     

Let Cloud Inventory Management Software Solve Your Common Inventory Problems

Let’s take a look at your inventory stock and see how you are managing it. There are a series of common inventory problems that arise. Some issues can be fixed simply and other issues are much deeper rooted. However, if you implement cloud inventory management software to manage your  stock, this can alleviate some of […] ... Read More

  October 14, 2019     

Vetpak Gains Full Visibility Over All Business Streams with Unleashed

Vetpak enlisted the help of No Fuss Business to help them get up and running with Unleashed Software. Now, they’ve seen a huge improvements in stock visibility, sales forecasting and have a better idea of how their business is tracking at any given moment in time. Here’s their story. I’m Steve Atfield, director of Vetpak […] ... Read More

  October 8, 2019     

Solving Traditional Inventory Challenges with Online Inventory Control

Marketplaces are constantly changing, and eCommerce is driving increased competition for both large organisations and SMEs from across the globe. Supply chains are becoming increasingly complex and customers are correspondingly as demanding as they are more vocal about their experiences. Factors affecting inventory managament are becoming equally c ... Read More

  October 4, 2019     

4 Best Practices to Keep You on Top of Your Purchase Orders

If you want to get ahead with your purchase orders, it’s time to look at the best practices to guide you. When you use best practices, you ensure that you have accuracy and control over your purchase orders and can operate at a more efficient rate. Basically, a purchase order is a document between the […] ... Read More

  August 28, 2019     

Mastering the Art of Backorders

With eCommerce sites, you can be selling product 24 hours a day, 7 days a week. It’s a powerful retail option for businesses. Your online eCommerce presence can lead to a significant increase in sales. However, what happens if that increase in orders becomes hard to stay on top of? You want to fulfil orders, […] ... Read More

  August 26, 2019